Shares of energy companies rose, but not by as much as the broad market, as traders rotated into sectors with more to gain from a subsidence in inflation.

Investors are growing optimistic that Thursday's consumer-price inflation data will be benign.

European energy giants Shell, BP and TotalEnergies have signed deals to invest in Abu Dhabi's Ruwais liquefied natural-gas project, which is set to boost the United Arab Emirates' export capacity significantly as it pushes into global LNG markets.


Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

07-10-24 1826ET